Utah Code > Title 11 > Chapter 34 – Foreign Currency Bonds


§ 11-34-1	Definitions
§ 11-34-2	Bonds issued in foreign denominations — Required conditions and agreements

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code > Title 11 > Chapter 34 - Foreign Currency Bonds

Administrator: means the same as that term is defined in Subsection (187). See Utah Code 31A-1-301
Affiliate: means a person who controls, is controlled by, or is under common control with, another person. See Utah Code 31A-1-301
Application: means a document:
     (10)(a)
          (10)(a)(i) completed by an applicant to provide information about the risk to be insured; and
          (10)(a)(ii) that contains information that is used by the insurer to evaluate risk and decide whether to:
               (10)(a)(ii)(A) insure the risk under:
                    (10)(a)(ii)(A)(I) the coverage as originally offered; or
                    (10)(a)(ii)(A)(II) a modification of the coverage as originally offered; or
               (10)(a)(ii)(B) decline to insure the risk; or
     (10)(b) used by the insurer to gather information from the applicant before issuance of an annuity contract. See Utah Code 31A-1-301
Body of water: means any natural or man-made accumulation of water, regardless of whether the accumulation of water is static or subject to a force that causes a hydrological current. See Utah Code 63G-32-101
Bonds: means any evidence or contract of indebtedness that is issued or authorized by a public body, including, without limitation, bonds, refunding bonds, advance refunding bonds, bond anticipation notes, tax anticipation notes, notes, certificates of indebtedness, warrants, commercial paper, contracts, and leases, whether they are general obligations of the issuing public body or are payable solely from a specified source, including annual appropriations by the public body. See Utah Code 11-34-1
Certificate: means evidence of insurance given to:
(23)(a) an insured under a group insurance policy; or
(23)(b) a third party. See Utah Code 31A-1-301
City: means a municipality that is classified by population as a city of the first class, a city of the second class, a city of the third class, a city of the fourth class, or a city of the fifth class, under Section 10-2-301. See Utah Code 10-1-104
Corporation: means an insurance corporation, except when referring to:
          (34)(a)(i) a corporation doing business:
               (34)(a)(i)(A) as:
                    (34)(a)(i)(A)(I) an insurance producer;
                    (34)(a)(i)(A)(II) a surplus lines producer;
                    (34)(a)(i)(A)(III) a limited line producer;
                    (34)(a)(i)(A)(IV) a consultant;
                    (34)(a)(i)(A)(V) a managing general agent;
                    (34)(a)(i)(A)(VI) a reinsurance intermediary;
                    (34)(a)(i)(A)(VII) a third party administrator; or
                    (34)(a)(i)(A)(VIII) an adjuster; and
               (34)(a)(i)(B) under:
                    (34)(a)(i)(B)(I) Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries;
                    (34)(a)(i)(B)(II) Chapter 25, Third Party Administrators; or
                    (34)(a)(i)(B)(III) Chapter 26, Insurance Adjusters; or
          (34)(a)(ii) a noninsurer that is part of a holding company system under Chapter 16, Insurance Holding Companies. See Utah Code 31A-1-301
Department: means the Insurance Department. See Utah Code 31A-1-301
Enrollee: includes an insured. See Utah Code 31A-1-301
Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
Form: means one of the following prepared for general use:
          (74)(a)(i) a policy;
          (74)(a)(ii) a certificate;
          (74)(a)(iii) an application;
          (74)(a)(iv) an outline of coverage; or
          (74)(a)(v) an endorsement. See Utah Code 31A-1-301
Governmental entity: means :
     (2)(a) a court;
     (2)(b) the Legislature;
     (2)(c) the legislative body of a political subdivision; or
     (2)(d) another entity of the state or a political subdivision, if the entity has adjudicatory or rulemaking authority. See Utah Code 63G-32-101
Health benefit plan: means a policy, contract, certificate, or agreement offered or issued by an insurer to provide, deliver, arrange for, pay for, or reimburse any of the costs of health care, including major medical expense coverage. See Utah Code 31A-1-301
Health care: means any of the following intended for use in the diagnosis, treatment, mitigation, or prevention of a human ailment or impairment:
     (83)(a) a professional service;
     (83)(b) a personal service;
     (83)(c) a facility;
     (83)(d) equipment;
     (83)(e) a device;
     (83)(f) supplies; or
     (83)(g) medicine. See Utah Code 31A-1-301
health insurance: means insurance providing:
(84)(a)(i) a health care benefit; or
(84)(a)(ii) payment of an incurred health care expense. See Utah Code 31A-1-301
Human being: means a member of the species classified as Homo sapiens;

(4) "Land" means the solid terrestrial surface or subsurface of the earth. See Utah Code 63G-32-101

Individual: means a natural person. See Utah Code 31A-1-301

Insurance: includes :

(96)(b)(i) a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;

(96)(b)(ii) a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and

(96)(b)(iii) a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301

insurance company: means a person doing an insurance business as a principal including:

(104)(a)(i) a fraternal benefit society;

(104)(a)(ii) an issuer of a gift annuity other than an annuity specified in Subsections 31A-22-1305(2) and (3);

(104)(a)(iii) a motor club;

(104)(a)(iv) an employee welfare plan;

(104)(a)(v) a person purporting or intending to do an insurance business as a principal on that person's own account; and

(104)(a)(vi) a health maintenance organization. See Utah Code 31A-1-301

Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}

Legal personhood: means :

(5)(a) the legal rights and obligations of an individual under the laws of this state; or

(5)(b) the legal rights and obligations of a person other than an individual under the laws of this state. See Utah Code 63G-32-101

Medicare: means the "Health Insurance for the Aged Act" Title XVIII of the federal Social Security Act, as then constituted or later amended. See Utah Code 31A-1-301

Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5

Network provider: means a health care provider who has an agreement with a managed care organization to provide health care services to an enrollee with an expectation of receiving payment, other than coinsurance, copayments, or deductibles, directly from the managed care organization. See Utah Code 31A-1-301

Participating: means a plan of insurance under which the insured is entitled to receive a dividend representing a share of the surplus of the insurer. See Utah Code 31A-1-301

Person: includes :

(146)(a) an individual;

(146)(b) a partnership;

(146)(c) a corporation;

(146)(d) an incorporated or unincorporated association;

(146)(e) a joint stock company;

(146)(f) a trust;

(146)(g) a limited liability company;

(146)(h) a reciprocal;

(146)(i) a syndicate; or

(146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301

Policy: includes a service contract issued by:

(150)(b)(i) a motor club under Chapter 11, Motor Clubs;

(150)(b)(ii) a service contract provided under Chapter 6a, Service Contracts; and

(150)(b)(iii) a corporation licensed under:

(150)(b)(iii)(A) Chapter 7, Nonprofit Health Service Insurance Corporations; or

(150)(b)(iii)(B) Chapter 8, Health Maintenance Organizations and Limited Health Plans. See Utah Code 31A-1-301

Political subdivision: means the same as that term is defined in Section 63G-7-102. See Utah Code 63G-32-101

Premium: includes , however designated:

(156)(b)(i) an assessment;

(156)(b)(ii) a membership fee;

(156)(b)(iii) a required contribution; or

(156)(b)(iv) monetary consideration. See Utah Code 31A-1-301

Public body: means the state and any public department, public agency, or other public entity existing under the laws of the state, including, without limitation, any agency, authority, instrumentality, or institution of the state, and any county, city, town, municipal corporation, quasi-municipal corporation, state university or college, school district, special service district, special district, separate legal or administrative entity created under the Interlocal Cooperation Act or other joint agreement entity, community reinvestment agency, and any other political subdivision, public authority, public agency, or public trust existing under the laws of this state. See Utah Code 11-34-1

Rate: means :

(163)(a)(i) the cost of a given unit of insurance; or

(163)(a)(ii) for property or casualty insurance, that cost of insurance per exposure unit either expressed as:

(163)(a)(ii)(A) a single number; or

(163)(a)(ii)(B) a pure premium rate, adjusted before the application of individual risk variations based on loss or expense considerations to account for the treatment of:

(163)(a)(ii)(B)(I) expenses;

(163)(a)(ii)(B)(II) profit; and

(163)(a)(ii)(B)(III) individual insurer variation in loss experience. See Utah Code 31A-1-301

Security: means a:

(176)(a)(i) note;

(176)(a)(ii) stock;

(176)(a)(iii) bond;

(176)(a)(iv) debenture;

(176)(a)(v) evidence of indebtedness;

(176)(a)(vi) certificate of interest or participation in a profit-sharing agreement;

(176)(a)(vii) collateral-trust certificate;

(176)(a)(viii) preorganization certificate or subscription;

(176)(a)(ix) transferable share;

(176)(a)(x) investment contract;

(176)(a)(xi) voting trust certificate;

(176)(a)(xii) certificate of deposit for a security;

(176)(a)(xiii) certificate of interest of participation in an oil, gas, or mining title or lease or in payments out of production under such a title or lease;

(176)(a)(xiv) commodity contract or commodity option;

(176)(a)(xv) certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the items listed in Subsections (176)(a)(i) through (xiv); or

(176)(a)(xvi) another interest or instrument commonly known as a security. See Utah Code 31A-1-301

State: means the same as that term is defined in Section 63G-7-102. See Utah Code 63G-32-101

Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5